DETROIT, Jan. 16, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is an emerging research and development company that is focused on becoming one of the global market leaders in the field of nanotechnology.
Mr. Bernardo Chavarria, President of Nano Labs, is pleased to provide the following letter to shareholders.
To the shareholders of Nano Labs:On behalf of the Nano Labs Board of Directors, I am pleased to report that our road map and business plan for success through 2013 promises to make Nano Labs the company to watch as a rising American star in the emerging field of nanotechnologies. We have a broad and diverse nanotechnology product portfolio, and a strong management team highlighting a scientific legacy through our Chief Research and Innovation Officer, Dr. Victor Castano. He brings with him an innovative portfolio of more than 500 peer-reviewed and published papers, products, and prototypes representing some 30 years of his work in in the field. We are pleased to report that our young company is now beginning to coming together in a North American alliance that uniquely positions us for aggressive growth and success across multiple industry sectors where nanotechnologies are making significant changes to the very fabric of industry. Intrinsic Business Value The markets for our unique products look very promising. Experts predict the nanotechnology sector will represent 15 per cent of all global manufactured goods by 2014, representing over $2.6 trillion in global revenues. The full scope of nanotechnology's growing significance to industry and the investment community comes clearly into focus when you consider that revenues for nanotechnology were just $13 billion in 2004. Our Business Mantra Our business model does not follow the norms in our field. Rather than developing and promoting one product – or one category of products – we instead aim to offer a range of next generation products covering many sectors of the economy, including energy and fuel, health and medicine, food and agriculture, plus nano products and materials with the potential for broad-based industrial and consumer goods' applications. Given this scope our business model is perhaps best understood in terms of marketing and sales. Think of us as the global brand Nano Labs, and under this brand umbrella fall a number of sub-brand units (SBUs), each consisting of a particular nanotechnology product solution from our store of more than 500 peer-reviewed and published nanotechnology papers, products, and prototypes.